Ramesh Abhishek

DIPP, in August last year, floated a draft industrial policy with the aim to create jobs for the next two decades, promote foreign technology transfer and attract USD 100 billion foreign direct investment (FDI) annually.

New Delhi, Oct 31 () The Department of Industrial Policy and Promotion (DIPP) is working with the tax department and regulators to ease the rules and laws for startups to support budding entrepreneurs, a top government official said Wednesday. "We are easing regulations for startups.

Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said that all FDI policies are notified under the Foreign Exchange Management Act (FEMA) and any infringement of the law or allegation is investigated by the ED.

The government is trying a new model of hand holding, where a state with a higher rank for ease of doing business is partnering with one that is ranked lower, in its latest attempt to ease bureaucratic red tape across states and Union territories

Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said the introduction of GST is bound to be a "gamechanger" for India's economy despite the expected initial hiccups